NEW YORK ( TheStreet) -- The ex-dividend date for Dow Chemical (NYSE: DOW) is tomorrow, March 28, 2012. Owners of shares as of market close today will be eligible for a dividend of 25 cents per share. At a price of $35.80 as of 9:30 a.m. ET, the dividend yield is 2.9%. The average volume for Dow Chemical has been 8.9 million shares per day over the past 30 days. Dow Chemical has a market cap of $39.45 billion and is part of the basic materials sector and chemicals industry. Shares are up 24.1% year to date as of the close of trading on Monday. The Dow Chemical Company manufactures and supplies chemical products used as raw materials in the manufacture of customer products and services worldwide. The company has a P/E ratio of 17.1, above the average chemicals industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7.
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